News of the week

First ICO Approved Under New Regulatory Regime in Bermuda

The government of Bermuda certified a fintech company Uulala under new regulatory regime for crypto and blockchain business. The new rules require ICO issuers to provide detailed information about “all persons involved with the ICO” and disclose a review of the project, detailing key aspects of the product or service such as the market audience, financing system, the amount of money that is planned to be raised, and technical aspects associated with software and blockchain specifications.

The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges. The six places are Cave Blockchain (caveblockchain.com), Bancar (bancarexchange.io), Cryptia (cryptiaexchange.com), Amberes Coin (amberescoin.com), Afx Trade (afx.trade), and Criptolago (criptolago.com.ve). Some of them are already advertising the petro on their websites.

The Boring Company now accepting Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Founded in 2016, the company aims to eliminate traffic in major cities by creating a web of underground tunnels with fast capsules to travel from one place to another. While the first test tunnel is still in construction, Musk advertised the idea with the line of promotional items. Now these items can be purchased with the four leading cryptocurrencies.

Mike Novogratz, now CEO of crypto investment firm Galaxy Digital, and U.S. banking giant Goldman Sachs have recently invested in U.S. crypto custody service BitGo. In total, BitGo’s series B fund rounding has brought in $58.5 million. Goldman Sachs and Novogratz together contributed about $15 million, as their clients show growing interest in cryptocurrencies. BitGo managed to raise a total of $70 million in all of its fundraising rounds.

Elvira Nabiullina, the chairwoman of Russia’s Central Bank and former economic advisor of Vladimir Putin claimed that, the excitement toward the cryptocurrency “is visibly beginning to disappear“. Nabibullina added that “Back in old times, technologies like blockchain caused a great deal of enthusiasm, but, in our opinion, now a more sober attitude towards such technologies has begun.“

A recent report by recruiting site Glassdoor found that crypto and blockchain-related job opportunities significantly increased in the U.S. this year. In the course of its analysis, Glassdoor examined a large number of online U.S. job postings on their site containing keywords related to blockchain, Bitcoin (BTC) and cryptocurrency. Per the report, as of August 2018 there were 1,775 unique blockchain-related job openings in the U.S., while at this time last year there were 446 similar job ads, which represents a 300 percent year-over-year increase.